Gray Television tapped by Wells Fargo to see more gains

Wells Fargo sees more upside for Gray Television (GTN +7.3%) despite its breathtaking run over the last year.

Shares are upgraded to Outperform from Market Perform.

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Comments (1)
  • redarrow5150
    , contributor
    Comments (1375) | Send Message
    Dumb call. The Supreme Court is going to listen to arguments on AERO service which is going to affect all broadcasters including GRAY, GCI and not just big markets for companies like DIS or VIacom. Thus far the courts have ruled in favor of AERO and if the Supreme Court upholds those previous decisions this will have more impact on the smaller broadcast companies than larger.
    5 Feb 2014, 09:48 AM Reply Like
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